BrightSpring Health Services, Inc. (NASDAQ:BTSGU) Short Interest Update

BrightSpring Health Services, Inc. (NASDAQ:BTSGU) was the recipient of a large growth in short interest during the month of July. As of July 15th, there was short interest totaling 98,759 shares, a growth of 144.8% from the June 30th total of 40,349 shares. Based on an average daily trading volume, of 16,225 shares, the short-interest ratio is currently 6.1 days.

Analyst Upgrades and Downgrades

Separately, Weiss Ratings reiterated a “hold (c)” rating on shares of BrightSpring Health Services in a report on Wednesday, June 24th. One equities research analyst has rated the stock with a Hold rating, Based on data from MarketBeat.com, the company presently has an average rating of “Hold”.

BrightSpring Health Services Stock Performance

Shares of NASDAQ BTSGU opened at $237.19 on Tuesday. BrightSpring Health Services has a twelve month low of $68.14 and a twelve month high of $255.51. The stock’s 50-day simple moving average is $216.34 and its two-hundred day simple moving average is $169.80.

BrightSpring Health Services Cuts Dividend

The business also recently announced a quarterly dividend, which will be paid on Saturday, August 1st. Stockholders of record on Wednesday, July 15th will be paid a $0.8437 dividend. This represents a $3.37 dividend on an annualized basis and a dividend yield of 1.4%. The ex-dividend date of this dividend is Wednesday, July 15th.

Institutional Trading of BrightSpring Health Services

Large investors have recently modified their holdings of the business. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. boosted its stake in shares of BrightSpring Health Services by 11.0% during the 2nd quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 164,260 shares of the company’s stock valued at $13,560,000 after purchasing an additional 16,302 shares in the last quarter. Goldman Sachs Group Inc. bought a new position in shares of BrightSpring Health Services during the first quarter valued at $3,575,000. Bank of America Corp DE bought a new stake in BrightSpring Health Services during the 1st quarter valued at about $6,629,000. JPMorgan Chase & Co. raised its holdings in BrightSpring Health Services by 69.4% in the 2nd quarter. JPMorgan Chase & Co. now owns 43,931 shares of the company’s stock worth $3,627,000 after acquiring an additional 17,994 shares during the last quarter. Finally, Jane Street Group LLC purchased a new position in shares of BrightSpring Health Services in the second quarter worth $870,000.

About BrightSpring Health Services

BrightSpring Health Services is a leading provider of home and community-based health and support services in the United States. The company specializes in delivering a continuum of care that spans behavioral health, intellectual and developmental disability support, home health care, and respite services. By integrating clinical and non-clinical offerings, BrightSpring seeks to improve patient outcomes, enhance quality of life, and support family caregivers.

Through its behavioral health division, BrightSpring offers individualized therapy, counseling, and crisis intervention for children, adolescents, and adults experiencing mental health challenges.